Walmart Shares Drop 7% Premarket as Q2 Same-Store Sales Growth Hits Six-Year Low, Full-Year EPS Guidance Misses | Earnings Report

Walmart reported second-quarter revenue of $187.94 billion and adjusted EPS of $0.81, both beating expectations, but shares still plunged over 7% in premarket trading. The main drag was U.S. same-store sales growth slowing to 2.6% — the lowest in over six years — while full-year EPS guidance also came in below estimates. Pharmacy price cuts and shrinking average consumer basket size weighed on results, highlighting cautious and softening U.S. consumer spending amid high gas prices and a cooling labor market.